U.S. Senator Marco Rubio’s (R-FL) office will host in-person Mobile Office Hours next week to assist constituents with federal casework issues in their respective local communities. These office hours offer constituents who do not live close to one of Senator Rubio’s...
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Rubio, Cotton Introduce Bill to Support Small Businesses in Defense
Current laws and regulations require strict and complicated cost data disclosures for a business to receive certain U.S. Department of Defense (DoD) contracts. The high cost and complexity of the tools required to meet these regulations have created a barrier to entry for small businesses. As such, the U.S. government created a pilot program that raised the threshold at which cost and pricing data becomes mandatory for small businesses. This program, however, will end in October 2024.
U.S. Senators Marco Rubio (R-FL) and Tom Cotton (R-AR) introduced the Defense Innovation and Small Business Momentum Act to expand and make the program permanent, enabling more small businesses to bid on DoD contracts.
- “Overbearing rules and regulations have made it hard for small businesses to win Department of Defense contracts. There is already a temporary solution to help give America’s small businesses a better chance by not requiring as many bureaucratic roadblocks; my bill will make this solution permanent.” – Senator Rubio
- “Bureaucratic tape delays defense production and makes our country less safe. This bill will empower our small businesses to receive and fulfill contracts.” – Senator Cotton
Looking forward …. Rubio will continue to fight for small business priorities in the Fiscal Year 2025 National Defense Authorization Act.